Gran Tierra Energy, Inc. (AMEX:GTE) announces a share repurchase program. Under the program, the company will repurchase up to 5% of its common stock. The repurchases will be made through the facilities of Toronto Stock Exchange (TSX). The repurchased shares will be cancelled. The program is subject to the approval of the notice of intention filed by the company with the Toronto Stock Exchange. The Board believe that the repurchase of shares for cancellation may be advantageous to stockholders by increasing the value of the remaining shares. On February 6, 2017, the company announced that it will repurchase up to 19,540,359 shares, representing 5% of its issued share capital. The shares will be purchased at prevailing market prices. The purchases will be made through the facilities of the TSX, the NYSE MKT and eligible alternative trading platforms in Canada and the United States. The purchases will be made in accordance with applicable regulations. The company is entitled to purchase, on any trading day, up to 303,743 shares. The bid will commence on February 8, 2017 and will run for a period of one year ending on February 7, 2018. As of January 27, 2017, the company had 390,807,191 shares issued and outstanding. On February 8, 2017, the company announced that its parent will repurchase up to 5% of the parent’s aggregate shares of common equity interests that are issued and outstanding on January 27, 2017 for a total of $35 million. The program will expire on February 12, 2018.